Vision Care Product Market Size, Share, Competition by Manufacturers and development Trends 2021 by Million Insights

on
Global Vision Care Product Market is segment by Distribution Channel into Retail stores, Online stores, Clinics, and Hospitals. Vision care is defined as the anticipation or minimization of threats to the eye or visual integrity. Vision care deals with both - vision and eye associated problems, and corrects refractive errors by prescribed eyeglasses and contact lenses.  The two eyes deliver about half of the total sensory input from entire body to the brain. Eyes are sensitive to inflammation, infection, or trauma that may end up in blindness. Uncorrected refractive mistakes are the main cause of severe and reasonable visual impairment, while the circumstances such as pink eye and cataracts (non-refractive errors) are the foremost causes of blindness in middle and low-income countries.
The governments in many countries have presented national programs and strategies to control and prevent visual impairment. Eye care services are easily obtainable and progressively being integrated into primary and secondary healthcare systems. High investments from leading players of the market and increasing research with respect to cultivation and supply of eyeglasses, lenses are expected to drive the vision care product market. In terms of revenue, the North American vision care market is expected to hold the largest market share by 2021. This could be attributed to cumulative occurrence of the chronic diseases and the upsurge in aging population prone to eye disorders such as cataract, glaucoma, etc.


The vision care products market is determined by growth in the number of patients suffering from eye disorders such as astigmatism, myopia, presbyopia, and hyperopia. Myopia is the most common disorder and affects 1.6 billion people across the globe, though presbyopia is originated in about one billion people globally. The spread of hyperopia disorder is mounting at an important level in the aging population. More than half of the population aged 65 and above in the U.S. are infected with hyperopia.
Currently, vision care product market is driven by the aging population, increasing occurrence of eye disorders such as myopia, hyperopia, astigmatism and presbyopia, technological advancement in the healthcare industry. Increase in disposable income levels coupled with health consciousness among general population is expected to drive the vision care product market by 2021. Also, increased usage of computers and television has contributed towards the growth of vision care products at the global level.
Vision Care Product Market is segmented by Product Spectacle lenses into single vision spectacle lenses(Digital lenses), Progressive lenses, Contact Lenses (Soft contact lenses, Rigid gas permeable lenses, Disposable contact lenses), Cleaning and disinfecting solutions, Eye glasses (Single vision eyeglasses, Bifocal eyeglasses, Progressive eye glasses). Vision Care Product Market is segmented by Geographical Region into North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, Middle East, and Africa.
Asia-Pacific is emerging as a dominating vision care products market due to increasing awareness regarding healthcare and rising disposable income. Among the Asian countries, India and China are more promising due to large population pool, and increasing number of hospitals. Vision Care Product Market Key Players include Alcon, Inc., SEIKO OPTICAL PRODUCTS CO., LTD., Johnson & Johnson Vision Care, Essilor International, CIBA Vision Corporation, Bausch & Lomb Incorporated, Cooper Vision, Inc., ZEISS Group, HOYA CORPORATION and others.

Comments

Post a Comment